Why Do You Use Indicators That Change Values When Period Change?
- Thread starter TheRumpledOne
- Start date
Values can be changed so whatever indicator reads the same across different periodsâ¦, but be that as it mayâ¦, Iâll play Devilâs advocateâ¦
=====================
Because not all traders trade the same period
Because not all periods fit a traderâs personality
And price being one long continuum - what does it matter anyway
===========================
Note;
Whether I use indicators or not â is not germane â there are many way to make money
But..., I am curious to see where this goes
RN
=====================
Because not all traders trade the same period
Because not all periods fit a traderâs personality
And price being one long continuum - what does it matter anyway
===========================
Note;
Whether I use indicators or not â is not germane â there are many way to make money
But..., I am curious to see where this goes
RN
What's even worse are indicators that change drastically on an intraday
chart even when the time interval is not changed. For example, the Vix Fix does that. It will show a buy signal and if it doesn't work, the signal will
disappear and this can happen several times a day. At the end of the day
the chart will look like the indicator worked perfectly.
chart even when the time interval is not changed. For example, the Vix Fix does that. It will show a buy signal and if it doesn't work, the signal will
disappear and this can happen several times a day. At the end of the day
the chart will look like the indicator worked perfectly.
You're using the word ''period" in both its correct definition as the number of bars used in an indicator formula and as an incorrect synonym for time frame.
No wonder you're confused.
A 20-bar indicator in the 5-minute time frame will obviously use different price data than a 20-bar indicator in the hourly time frame. So the values will be different.
And the values should be different.
A current uptrend in one time frame will be a current congestion in a second time frame and a current downtrend in a third time frame. The trading action you should take is fully dependent on the time frame you're using. A worthy indicator will indicate this fact.
